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NEW QUESTION: 1
Which of the following statements is correct regarding the division of profits in a general partnership when
the written partnership agreement only provides that losses be divided equally among the partners?
Profits are to be divided:
A. Equally among the partners.
B. Based on the partners' ratio of contribution to the partnership.
C. Proportionately among the partners.
D. Based on the partners' participation in day-to-day management.
Answer: A
Explanation:
Choice "c" is correct.
Rule: When the partnership agreement is silent as to how profits are to be divided, they are divided
equally. Note also that when the agreement is silent, losses are treated similar to profits, there is no
reverse rule that profits are treated like losses.
Choices "a", "b", and "d" are incorrect, per the above rule.

NEW QUESTION: 2
Which of the following are sources of best practice?
1. Academic research
2. Internal experience
3. Industry practices
A. All of the above
B. 1 and 2 only
C. 1 and 3 only
D. 2 and 3 only
Answer: A
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 3
How much RAM does Windows Server 2008 R2 Foundation Edition support?
A. 32 GB
B. 128 GB
C. 16 GB
D. 8 GB
E. 64 GB
Answer: A